Japan Foods Holding announced that its 1HFY2020 earnings have dropped by 80.2% to $0.3 million, compared to $1.5 million a year ago, as a result of the negative consequences from the Covid-19 pandemic.

Revenue for the first half of the financial year ended September came in at $18.5 million, 48.7% lower than $36.1 million a year ago, mainly due to the impact arising from Covid-19, as dining-in was ceased for two months in all of the group’s outlets during the circuit breaker period.

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